Posts Tagged ‘eco’

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New Zealand Dollar to Follow Stocks on Euro Crisis, Global Growth Bets

Fundamental Forecast for New Zealand Dollar: Neutral An iron-clad correlation with the MSCI World Stock Index and a lackluster domestic economic calendar puts the New Zealand Dollar the mercy of market-wide risk sentiment trends. On one hand, this puts the focus on US economic growth expectations as traders work out the probability that a pick-up in the US will be able to counter headwinds facing global performance from a slump in Europe and a slowdown in Asia

Published by on May 18th, 2012 at 10:05 pm
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Financial Market Fears Overwhelm Facebook IPO Optimism

The volatility surrounding initial public offerings (IPO) is notorious; but when large companies come into the market, there is often a draw of fresh capital to get a piece of the action.

Published by on May 18th, 2012 at 04:05 pm
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Brief Euro Rebound Stalls as Fitch Downgrades Greece

THE TAKEAWAY: Fitch cuts Greece’s LT debt ratings to CCC > Rating action reflects elections, heightened risk of Euro exit > EUR lower Fitch cut Greece’s long-term debt ratings to CCC from B- on Thursday, pushing the Euro below 1.2720 versus the US Dollar. Chart generated using FXCM Strategy Trader. Bar denotes release of rating decision.

Published by on May 17th, 2012 at 11:05 am
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STOCKS NEWS THAILAND-Lam Soon off highs as profit hopes ease

Thu May 17, 2012 5:46am EDT Shares in cooking palm oil producer Lam Soon (Thailand) , which gained as much as 10.3 percent to its highest in almost a year, retreated slightly to be up 4.4 percent at 4.24 baht ($0.13) as the company’s comments eased profit hopes. Lam Soon was among a list of firms receiving allocation of the government’s low-price crude palm oil import to sell to consumers at a controlled price.

Published by on May 17th, 2012 at 03:05 am
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STOCKS NEWS THAILAND-Lam Soon surges on crude palm oil quota report

Thu May 17, 2012 3:08am EDT Shares in cooking palm oil producer Lam Soon (Thailand) gained as much as 10.3 percent to their highest in almost a year after a report that it was among a list of firms receiving allocation of the government’s low price crude palm oil import. Lam Soon was up 9.36 percent at 4.44 baht ($0.14), climbing at one point to 4.48 baht ($0.14). The government had imported low-price crude palm oil and allocated it to 10 cooking palm oil producers to sell to consumers at a controlled price, Thansettakij newspaper quoted a source as saying

Published by on May 17th, 2012 at 12:05 am
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